Gen Digital price target raised to $37 from $35 at Evercore ISI

Evercore ISI raised the firm’s price target on Gen Digital (GEN) to $37 from $35 and keeps an Outperform rating on the shares in the wake of the company’s “beat & raise” Q2 report. The firm views valuation as “attractive” given its belief that Gen Digital should be able to consistently compound EPS at a high-single to low-double digit percentage growth rate over the next several years.